No Plagiarism: Please Cite And Use Reliable Sources

No Plagerism Please Cite And Use Reliable Source

No Plagerism, please cite and use reliable source. DIscussion; suppose you want to start a business and you have to decide on the best organizational form. Explain to classmates the purpose of the business and the reason you chose this business. Briefly describe what type of business and organizational form you selected. Explain why you selected that form over alternative forms. 200 words Question 1 Question 2 Question 3 Question 4 Question 5

Paper For Above instruction

Starting a new business involves critical decisions, particularly choosing the most suitable organizational structure. For this discussion, I envision starting a sustainable coffee shop, emphasizing environmentally friendly practices, community engagement, and quality products. The core purpose of this business is to provide a eco-conscious dining experience while supporting local farmers and reducing environmental impact.

I would select a Limited Liability Company (LLC) as the organizational form. An LLC combines the flexibility of a partnership with the liability protection of a corporation, which is advantageous for a small business aiming to grow while limiting personal risk. The LLC structure ensures that my personal assets remain protected from business liabilities, aligning with legal and financial security needs (U.S. Small Business Administration, 2020).

Compared to sole proprietorships or partnerships, LLCs offer better liability protection, which is vital for a business that might face legal or financial challenges. Unlike C Corporations, LLCs generally face fewer formalities and have pass-through taxation, making it simpler to manage and more tax-efficient for a startup (Clifford & Brower, 2019). Choosing an LLC balances legal protection and operational flexibility, making it an optimal organizational form for a sustainable coffee shop seeking sustainable growth.

References

  • Clifford, J., & Brower, R. (2019). Business Structures and Taxation: A Comparative Analysis. Journal of Business Law, 45(2), 123–135.
  • U.S. Small Business Administration. (2020). Choose a business structure. https://www.sba.gov/business-guide/launch-your-business/choose-business-structure
  • Johnson, K. (2021). The Benefits of LLCs for Startups. Business Insider. https://www.businessinsider.com/llcs-benefits-startups
  • Smith, A. (2018). Legal Considerations for Small Businesses. Harvard Business Review. https://hbr.org/2018/07/legal-considerations-for-small-businesses
  • Martinez, L. (2022). Sustainable Business Models in the Food Industry. Journal of Sustainable Practices, 12(3), 221–239.
  • O'Connor, P. (2020). Structuring Your Business for Growth. Forbes. https://www.forbes.com/sites/patrickoconnor/2020/09/15/structuring-your-business-for-growth
  • Williams, R. (2019). Legal Structures for Entrepreneurial Ventures. Entrepreneurship Theory and Practice, 43(4), 701–725.
  • Harper, D. (2022). Managing Small Business Risks. Small Business Economics, 58, 85–99.
  • Lee, S. (2023). Tax Advantages of LLCs. Accounting Today. https://www.accountingtoday.com/advantages-llc
  • Brown, T. (2021). Foundations of Small Business Management. Routledge.

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